Guidewire Software (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,200 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $166.34, for a total value of $199,608.00. Following the completion of the transaction, the chief executive officer owned 227,143 shares of the company’s stock, valued at approximately $37,782,966.62. The trade was a 0.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $125.50, for a total value of $150,600.00.
• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total value of $152,400.00.
• On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $140.01, for a total transaction of $168,012.00.
• On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.32, for a total transaction of $192,384.00.
• On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $156.26, for a total transaction of $187,512.00.
• On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $180.87, for a total transaction of $217,044.00.
• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.95, for a total transaction of $286,930.00.
• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total transaction of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total transaction of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.34, for a total transaction of $286,076.00.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $163.48 on Tuesday. The company has a quick ratio of 3.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $153.90 and its two-hundred day moving average price is $200.38. Guidewire Software, Inc. has a 52-week low of $120.37 and a 52-week high of $272.60. The stock has a market capitalization of $13.90 billion, a P/E ratio of 74.31, a P/E/G ratio of 10.88 and a beta of 1.05.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.77 by $0.40. The company had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The business’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software declared that its board has initiated a share buyback plan on Thursday, January 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GWRE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Citigroup increased their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Royal Bank Of Canada cut their price objective on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and boosted their target price for the company from $246.00 to $250.00 in a research note on Wednesday, December 17th. Finally, Oppenheimer decreased their target price on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.15.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new position in Guidewire Software in the 1st quarter valued at about $25,000. First Horizon Advisors Inc. raised its position in shares of Guidewire Software by 16.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 679 shares of the technology company’s stock worth $160,000 after buying an additional 95 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Guidewire Software by 271.1% in the 2nd quarter. Penserra Capital Management LLC now owns 1,399 shares of the technology company’s stock worth $328,000 after acquiring an additional 1,022 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $954,000. Finally, Summit Investment Advisors Inc. bought a new position in shares of Guidewire Software in the first quarter valued at approximately $3,079,000.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.